SEAGULLS is hoping its members approve a plan that will create more revenue for the cash-strapped club by making use of under-used sections of the club in Tweed Heads West.
The plan would see the 1500-seat Stardust Auditorium, the whole car park and other parts of the club leased to other businesses, or developed into new ventures like childcare and medical centres by the club to boost its bottom line.
Facing a loss of $595,039 in 2008 after paying $5.672 million in poker machine taxes, on top of negative results for several years, the one-time king of clubs faces a bleak future if the plan is not given the nod by members at next week's annual general meeting, Seagulls general manager Wayne Kedrigan said.
“We have to find alternative revenue streams to gaming if we are to survive, let alone continue to provide the standard of services and facilities our members expect. It's as simple as that,” Mr Kedrigan said.
Set on a five-hectare site on the Terranora Broadwater, Mr Kedrigan said Seagulls has 17,000 square metres of land and floor space that has “been under- utilised for years” at a great cost to the club.
Currently Seagulls membership is 20,000, who Mr Kedrigan said need a club of only 4500sqm, al- though when a planned new dining and alfresco area is completed the actual space will be around 8000sqm.
“We are certainly not planning to sell off the farm. We have no intention of selling anything,” he said.
“Rather we want to develop facilities that will earn us an ongoing income from tenants well into the future, for the benefit of our members.”
Seagulls have already been approached by a “major entertainment company” interested in setting up a theatre restaurant in the Stardust Audi- torium, Mr Kedrigan said.
“At the moment the auditorium is used on average once a week, and we have a company interested in running it virtually seven days a week.
“We simply can't afford to turn our back on opportunities like this.”
Seagulls members will vote on the plan in the Stardust Room from 7pm on May 25.